InvenTrust Properties Corp. (NYSE:IVT) Given Average Rating of “Moderate Buy” by Brokerages

InvenTrust Properties Corp. (NYSE:IVT) has received an average rating of “Moderate Buy” from the six research firms that are currently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $31.80.

IVT has been the subject of several research analyst reports. Wells Fargo & Company lowered their target price on InvenTrust Properties from $33.00 to $32.00 and set an “overweight” rating for the company in a research note on Wednesday, March 26th. Wolfe Research began coverage on shares of InvenTrust Properties in a research report on Thursday, March 20th. They set a “peer perform” rating for the company. Finally, BTIG Research initiated coverage on shares of InvenTrust Properties in a research report on Monday, April 28th. They issued a “buy” rating and a $31.00 target price on the stock.

InvenTrust Properties Price Performance

InvenTrust Properties stock opened at $27.40 on Friday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.99 and a current ratio of 1.99. InvenTrust Properties has a 52 week low of $23.69 and a 52 week high of $31.65. The stock has a market capitalization of $2.13 billion, a P/E ratio of 152.22, a price-to-earnings-growth ratio of 3.34 and a beta of 0.93. The stock has a fifty day moving average of $27.99 and a 200-day moving average of $29.30.

InvenTrust Properties Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were issued a dividend of $0.2376 per share. This is a boost from InvenTrust Properties’s previous quarterly dividend of $0.23. This represents a $0.95 annualized dividend and a dividend yield of 3.47%. The ex-dividend date of this dividend was Monday, March 31st. InvenTrust Properties’s payout ratio is 413.04%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in IVT. Intech Investment Management LLC grew its holdings in InvenTrust Properties by 43.5% during the 1st quarter. Intech Investment Management LLC now owns 48,631 shares of the company’s stock worth $1,428,000 after acquiring an additional 14,745 shares during the last quarter. Jane Street Group LLC acquired a new position in shares of InvenTrust Properties during the first quarter worth $1,022,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of InvenTrust Properties by 443.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 586,825 shares of the company’s stock worth $17,235,000 after purchasing an additional 478,887 shares during the last quarter. Arete Wealth Advisors LLC grew its stake in shares of InvenTrust Properties by 5.1% in the first quarter. Arete Wealth Advisors LLC now owns 43,853 shares of the company’s stock worth $1,288,000 after purchasing an additional 2,123 shares during the last quarter. Finally, Signature Estate & Investment Advisors LLC increased its holdings in InvenTrust Properties by 3.1% in the first quarter. Signature Estate & Investment Advisors LLC now owns 13,812 shares of the company’s stock valued at $406,000 after purchasing an additional 416 shares during the period. Institutional investors own 61.70% of the company’s stock.

About InvenTrust Properties

InvenTrust Properties Corp. (the “Company,” “IVT,” or “InvenTrust”) is a premier Sun Belt, multi-tenant essential retail REIT that owns, leases, redevelops, acquires and manages grocery-anchored neighborhood and community centers as well as high-quality power centers that often have a grocery component.